Lebanon Lebanon

In an unprecedented initiative in Lebanon, McDonald's Lebanon and IPT have signed a Memorandum of Understanding announcing a partnership between the food sector and the oil sector.

The announcement was made during a press conference held at Habtoor Hotel Sin el Fil, under the patronage of the President of the Federation of the Chambers of Commerce, Industry and Agriculture in Lebanon, Mr. Mohammed Choucair, and in the presence of the CEO and the General Manager of McDonald's Lebanon, respectively Mr. Akram Miknas and Mr. Rashwan Miknas, the CEO of IPT Group Mr. Michel Issa, and the Board member Dr. Toni Issa, in addition to the presence of the President of the Association of Franchise Companies in Lebanon, Mr. Charles Arbid and the president of the Federation of Companies importing Fuels Maroun Chammas.

In the MOU, both parties agree to open a series of McDonald's restaurants on IPT network of stations and to spare no effort with the competent authorities to update current laws and systems related to gas stations allowing them to integrate easily a cookery service as is the case in western countries, while closely cooperating with the Federation of Chambers of Commerce, Industry and Agriculture in Lebanon, which encourages such partnerships prone to boost economic recovery, growth and prosperity.

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